Incentives / pricing worth it for an EV / Tesla?

Wilson Wallace on 30/01/2023 - 10:02

Hey All,

Wanted to see everyone's opinion on buying an electric vehicle in 2023? Anyone here who has previously purchased an electric vehicle in the past 2-5 years that can share their own experience? I've always been an Internal Combustion Engine guy previously owning an XR5 and now a c200 Mercedes.

I've been looking at the Tesla Model 3 Long Range, however I am peed off about the lack of incentives the Victorian government money machine is giving. Whilst I know our country is always the last to do everything (climate change etc), it's disappointing that our federal government doesn't also provide incentives to purchase electric vehicles. Having a look at the inflation reduction act in the USA, their incentives are just out of this world and make electric vehicles more affordable. For example, the model 3 performance in America (converting it from USD to AUD) is only 74K AUD. Going onto the Australian website, you're paying 98K due to stamp duty, breathing Australian air etc.

I work from home full-time, previously used to to do about 700KM per week when I used to go see my partner but now I'm averaging about 300KM per week. However, I would probably do a lot more road trips if I was to go out and buy a new electric vehicle and enjoy it.

Automotive Electric Vehicle

Comments

  • SBOB on 30/01/2023 - 10:12
    +5

    inflation reduction act in the USA, their incentives are just out of this world and make electric vehicles more affordable

    "Inflation reduction" you say……

  • pao2x on 30/01/2023 - 10:15
    +2

    Do you have access to salary packaging? More benefits for EV there

    • Wilson Wallace on 30/01/2023 - 10:41
      +1

      Yes I do have access to salary packaging. I work for a NFP so we get pretty cool benefits.

      • uncompressed on 30/01/2023 - 10:44
        +3

        Novate lease with no FBT pretty good incentive!

        • djsweet on 30/01/2023 - 10:49
          +2

          Been thinking about this, but I don't think you can use this to pay for electricity from before-tax income. Paying petrol from before-tax income is one of the touted benefits of novated leases.

          • singlemalt72 on 30/01/2023 - 10:54
            +3

            @djsweet: Apparently you can claim charging station costs, but not home charging

            • eek on 30/01/2023 - 11:32

              @singlemalt72: What about home charger install costs? Would that be lumped into the initial purchase cost or as a pre-tax expense? Alternatively, maybe the charger needs to be separately metered. Gets messy if you have solar and using it while you charge during the day too.

              • singlemalt72 on 30/01/2023 - 12:43

                @eek: Interesting question, but I don't know. I would expect that if the charger were part of the purchase then installation costs could be considered, but then again, could you claim for 3 phase to be delivered to your garage?

                *Not tax advice as I am talking out my arse.

          • 87percent on 30/01/2023 - 13:08

            @djsweet: lot of novate lease companies are offering a discounted at home charging station if you take up an EV (but not tax deductible as far as i know)

          • uncompressed on 30/01/2023 - 14:02

            @djsweet: The rules on this are still unclear. If there's a way to separate the meter and how much power you're using to charge the EV, I don't see why it can't be claimed as a reasonable expense for the vehicle.

            *Not tax advice.

        • eek on 30/01/2023 - 12:02

          Only thing I find painful with novated leases is they're not very transparent with the interest rate and what payments are in/out. They often try to sneak in extra fees, costs, insurances etc without you knowing that the breakdown is. With interest rates sky rocketing and EV's having low running cost, really need to look into whether it is still be worth it. Maybe only for PAYG employees on 200K+ salaries who needs a new vehicle.

          • uncompressed on 30/01/2023 - 14:06

            @eek: The full quote is pretty transparent from my experiences. You know how much the budget is for, and how much pre and post-tax payments are. Then you work the numbers and decide if it's worth it based on your current circumstances.

        • Tommyaka on 01/02/2023 - 19:56

          No FBT but it is a reportable fringe benefit.

  • Euphemistic on 30/01/2023 - 10:32
    +11

    You’ve already had above market average price cars. Why do you need incentives? Incentives are for people who couldn’t otherwise afford to upgrade.

    Just get the Tesla. Your fuel bill reduction is all the ‘incentive’ you need.

    • ItsMeAgro on 30/01/2023 - 10:37
      +4

      To me it's the safety and good engineering. That family that drive one off a 200ft cliff onto rocks and all survived sway me more than the cost savings.

      Never paying for petrol again, never paying 95% of mechanic/servicing costs again, faster acceleration, over-the-air updates, saving the environment, etc are just the icing on the cake.

      • Muzeeb on 30/01/2023 - 10:52
        -8

        saving the environment

        Using non renewables to energise your car
        Flattening mountains and wasting water to obtain lithium, nickel etc
        A manufacturing process dirtier than making an ICE car

        Lol

        • singlemalt72 on 30/01/2023 - 11:00
          +9

          Burning brown coal to energise your car
          Flattening mountains to obtain lithium
          A manufacturing process dirtier than making an ICE car

          Still equates to a lower cost to the environment as the brown coal electricity is cleaner than burning petrol (and most EV owners install and invest into renewables). Multiple whole of life costing analyses show it to be better for the environment.

          https://www.forbes.com/sites/mikescott/2020/03/30/yes-electr…
          https://thedriven.io/2021/02/12/evs-smash-petrol-cars-on-emi…

          No, I don't own one, or am I seeking to buy one in the near future, but I don't cloud my judgements.

          • Muzeeb on 30/01/2023 - 11:02
            +2

            @singlemalt72:

            Multiple whole of life costing analyses show it to be better for the environment.

            That is true. I believe 7 years is the switch over period.

            • Euphemistic on 30/01/2023 - 15:31
              +2

              @Muzeeb: It’s far less than that. Can be as little as 9 months for an EV to be whole of life ‘cleaner’ than ICE

              • Muzeeb on 30/01/2023 - 15:58

                @Euphemistic: Ok. I just recall a detailed study by Volvo that compared their similar ice to EV cars and that was the conclusion.

                • Euphemistic on 30/01/2023 - 16:05
                  +2

                  @Muzeeb: And let’s not forget that those that claim ICE is better than EV probably don’t count pollution from refining and distributing the petrol but do count it for burning coal. They’ll look at the ICE from fuel in the tank perspective and then go and measure power plant emissions.

                  A coal fired EV is pretty much the same energy efficiency including generation and distribution of the sparks than an ICE with The fuel already in the tank.

                  • Muzeeb on 30/01/2023 - 16:11
                    +2

                    @Euphemistic: I found the Volvo study in case you are interested.

                    I just reread the executive summary and was surprised that Volvo measured 70% more green house gas emissions in the production of their EV vs ICE comparable vehicle. Didn't think it was that high. My memory is failing me.

              • Ade99 on 31/01/2023 - 08:28
                +2

                @Euphemistic: apart from the environment damage to mine the minerals required for the batteries and then transport them all around the globe to the respective manufacturing site.

                • Euphemistic on 31/01/2023 - 11:24

                  @Ade99: Which at worst is probably comparable to extracting and refining oil into petrol.

        • pegaxs on 30/01/2023 - 11:39
          +19

          Bitch, please. Enough of the misinformation. You're starting to sound like JV now…

          Burning brown coal to energise your car

          Using wind and solar to energise my car. (There is also A LOT of electricity used to transport crude and make fuels from this oil, not to mention the transporting, storage and pumping of fossil based fuels at the outlets. The amount of electricity a fuel station would use in a day would power a plethora of EV's)

          Let's do some math!!

          1kWh of household electricity is about 0.656 grams of CO2
          1 litre of petrol makes about 2.3kg of CO2.

          My car has a 60kWh battery, or would create about 39.6kg of CO2 if charged from empty using the dirtiest, coal only fired electricity.
          An average ICE car has a 60 litre fuel tank, and would create about 138kg of CO2 per tank.

          On a km vs km basis; (aka: InB4: but it takes more electrify to go the same distance…)

          My EV car averages 15kWh/100km, or 9.84kg CO2 for 100km from only dirty coal.
          Average ICE car is about 9l/100km or 20.9kg CO2 for 100km of dinosaur juice.

          NB: For EV's, this does not take into account any green electrical generation like solar (making it potentially cleaner), for ICEV, this doesn't take into account any fuel or electricity used to deliver, store or pump petrol/diesel (making it potentially much much dirtier)

          Flattening mountains to obtain lithium

          Polluting oceans to suck up precious oils. When was the last time you heard of a massive electricity spill? Ever seen how green and lush it is around oil wells? Cobalt is dirtier than lithium mines, but at least cobalt is being phased out… On that matter… how much burnt petrol can you recycle once it is used? Batteries can be ripped down and harvested for their cells to make storage batteries or the metals recycled into other things, including more batteries.

          A manufacturing process dirtier than making an ICE car

          Dirtier than extracting oil to run the things? While I agree that an EV is marginally more environmentally unfriendly to manufacture, the point is that EV's go on to produce almost nothing, whereas ICE vehicles continue to polute for the entirety of their working life.

          Please note: To all the imminent EV hating neggers, I am not an environmentalist type, I didn't by my EV because of environmental reasoning. I bought it because A; I hate fuel companies, B: My fuel is conveniently shipped to my house and out a plug in the wall of my garage and lastly C: I have a solar system that gets virtually nothing for feeding back into the grid, so I now pour those spare electrons into my mobile battery pack (because I hate giving my power company anything either…).

          • Kaz0551 on 30/01/2023 - 18:46

            @pegaxs: Rough cost per 100km on
            A) house power
            B) 3rd party chargers?

            • chuq on 30/01/2023 - 19:08
              +3

              @Kaz0551: Everyone's home power will be different, but using my retailer as an example.

              My vehicle efficiency over a recent long distance trip (mixture of highways, back roads, hills) was 14.1 kWh/100 km so I'll use that as an example.

              Charging from solar - 8.8c/kWh (100 km = $1.24)
              Charging from grid, off-peak - 15.5c/kWh (100 km = $2.19)
              Charging from grid, peak - 33c/kWh (100 km = $4.65)

              None of my home charging is peak, I don't have a breakdown of off-peak/solar but I just assume 100% off-peak worst case and the solar reduces that a bit)

              Public chargers can vary between 30-60c/kWh (works out to 100 km = between $4.23-$8.46)

              Comparison:
              $1.80/L petrol @ 5L/100km = $9
              $1.80/L petrol @ 10L/100km = $18

              • Kaz0551 on 30/01/2023 - 22:42
                +1

                @chuq: Nice, I currently do 25-30$/100kms. Y is in the mail!

        • JafferMoney on 30/01/2023 - 11:53
          +3

          LOL another joker…why don't you look at the facts champ?

          https://insideevs.com/news/561549/study-evs-smallest-fire-ri…

          • Euphemistic on 30/01/2023 - 15:29
            +1

            @JafferMoney: TBH I don’t care either way, wouldn’t buy a Tesla anyway. Just a (poorly attempted) counter to ‘Tesla is the best engineering’ cited on one example.

            • JafferMoney on 30/01/2023 - 15:47

              @Euphemistic: Enjoy your Datsun 1000.

              • Euphemistic on 30/01/2023 - 15:47

                @JafferMoney: I’d love one of them, but they’re too expensive.

                There isn’t that much difference in crash safety between modern vehicles.

        • pegaxs on 30/01/2023 - 11:54
          +3

          168… over almost 10 years…world wide… and almost none of those were a direct result of the battery just "catching fire". Almost all of them were a result of "crashed into solid object…". Not sure if this site is supposed to be a Tesla hate site or if it is promoting just how safe and infrequent Tesla fires are.

          EV fires are much rarer because it's harder to get them started. Even when they do start, they are much slower. Batteries dont tend to leak their guts all over the road and cause fires elsewhere like diesel or petrol. A battery doesn't tend to rupture or spill out all over the road, as the fuel in batteries isnt as flamable as petrol or diesel nor as viscous.

          While everything has the potential to catch fire, EV's are actually safer than ICE vehicles for a few reasons, most notably the fact that there isnt 60+ litres of "liquid" fuel sloshing around on an EV.

      • Brian McGee on 30/01/2023 - 14:52

        To me it's the safety and good engineering. That family that drive one off a 200ft cliff onto rocks and all survived sway me more than the cost savings.

        200 foot drop you say? Good Tesla engineering you say? You think Tesla is the only one that can survive that? Hyundai has entered the chat

      • Raulioli8810 on 31/01/2023 - 08:16
        -1

        Explain to me how is saving the environment when the battery only last 10 years and is unusable afterwards? Doesnt that add to the landfill?

        • ItsMeAgro on 31/01/2023 - 09:42
          +4

          It loses about 5% efficiency after 10 years.

          It's not like you'd send it in for scrap because of an almost-unnoticeable dip in capacity.

          And a few decades/owners later, when the battery capacity really is getting poor, you just recycle them.

          • OzFrugie on 31/01/2023 - 12:40

            @ItsMeAgro: where do you get the figure of 5% lost in battery efficiency in 10 years?

        • Euphemistic on 31/01/2023 - 11:27
          +1

          Batteries lst longer than 10 years in real life, have alternative uses when the run below what is considered good for EVs for example home storage. There is a good market for used EV batteries.

          Plus, lithium batteries are more than 90% recyclable. Yes, there isn’t much infrastructure to recycle them now but new battery plants are typically being built with recycling facilities on site because the know that it’ll be cheaper to recycle than to mine.

      • jrvb42 on 31/01/2023 - 21:12

        Eh? Show me a reference to any commercially available vehicle that can fall 200ft onto rocks and the occupants survive.
        Then show me anyone who drives off said cliff and explain why they are not in a mental facility. 😀

  • DannyC on 30/01/2023 - 10:58
    +17

    If you can afford a $70k vehicle then the Govt really shouldn't be subsidising such a purchase. I would rather see those $$ go into better EV infrastructure as we really need it. Right now, the main barrier for entry for EV's for the average person is the price, range anxiety and being ignorant of brands such as the Chinese EV brands for being cheap & nasty. Yes Chinese vehicles have a bad rep here in Oz, but look at the turn around to Korean and Japanese cars over the past decade or so. If the Chinese EV makers like BYD can enter an EV that is $25-35k then it'll sell like hot cakes.

    Apart from the MG ZS Ev and the BYD Atto 3 I would say these are the closest we are getting so far for more "affordable" EVs, though I'd be interested in the pricing for the BYD Dolphin when it hits Aussie shores this year. Maybe just under $35-40k?

    • DannyC on 30/01/2023 - 12:03
      +4

      Also the Govt needs better planning for the future:
      - How are the end of life of battery and recycling going to be handled?
      - Infrastructure - we need more chargers like the Tesla super charger network. Also, the reliability of the chargers from Charge Fox, RACV etc are terrible.
      - If we put 500k new EVs onto the road how is the grid gonna handle that increase in demand for electricity.
      - Is battery production on shore here in Oz viable? We have a $hit tonne of lithium here in Oz but don't have the facilities to process and make batteries. I think i read somewhere that they are considering this in one of the States. Can we make it financially viable to have manufacturing here in Oz?

      • Euphemistic on 30/01/2023 - 15:41
        +2

        End of life battery won’t be a real problem. Short term, people are buying used car battery packs for EV conversions and home storage. New battery plants are being built with recycling facilities in place because they recognise it’s cheaper to extract materials from used batteries than digging them up out of the ground.
        Infrastructure is improving all the time. No point stopping everything to focus on building chargers when there isn’t the demand for their use yet. More ev = more chargers. Currently most EV usage is close to home for home charging plus occasional longer trip charges.
        The grid can handle the load. Sure, it’s not perfect now, but they aren’t sticking their heads in the sand about this. Vehicle to grid will help load shift.

      • pharkurnell on 30/01/2023 - 16:55
        +3

        Also the Govt needs better planning for the future:

        Since when do they honestly do this?? They plan for their term in power, then worry bout it later if they get back in…

    • chuq on 30/01/2023 - 19:11
      +1

      It's not to help people buying $70k cars to help them afford a car.

      It's to encourage people who were about to spend over $70k on an ICE to spend it on an EV instead.

  • apple2016 on 30/01/2023 - 11:32

    I would probably do a lot more road trips

    Tesla EV is not really ideal for road trips. Eg: no spare tyre, availability of chargers. Also using AC will reduce the range by a fair bit.
    If you have solar and use it to charge the EV, then you might save on fuel costs.
    EV is still very expensive. You can get a comparable ICE car for half the price.

    • askbargain on 30/01/2023 - 14:20
      -1

      using AC will reduce the range

      lol source?

      • Muzeeb on 30/01/2023 - 15:29

        The internet

    • Euphemistic on 30/01/2023 - 15:47
      +1

      Why isn’t a Tesla suitable for road trips? Flat tyres aren’t very common like they used to be. I haven’t had one on a trip that I can ever recall, the less than one every other year have all been ‘at home’.

      Most road trippers don’t go more than 400km per day. More than 4 hrs driving just isn’t fun and isn’t generally required unless your specific destination is further than that. I’ve seen plenty of Tesla on the highway up the east coast. People can do it more because they are cheap to run.

      Yes, using AC reduces your range by a similar amount that it costs you more in petrol.

      • kungfuman on 14/02/2023 - 21:29

        try traveling from sydney to perth. GOOD LUCK getting an alot ev charger during that trip. lol there is one 400km stretch that has no ev chargers.

        • Euphemistic on 15/02/2023 - 06:46
          +1

          Oh FFS. Of course there are places EVs are not suitable (yet). But, funnily enough most people recognise the limitations of their vehicles and don’t exceed them. You don’t go and buy a Yaris, then organise to pick up your own furniture any more than grandma buys a dodge Ram and drive it 4km to church on sundays.

          funnily enough a Tesla has done a round Aus trip including the Nullarbor. It can be done. It’s just not what current EVs excel at. There no reason you couldn’t do ‘more road trips’ in a Tesla provided you plan a bit.

    • Clear on 30/01/2023 - 20:22

      availability of chargers.

      I can travel one end of the state to the other on a full charge and if I needed to recharge there's plenty of stops inbetween.

      The real downside is being unable to tow the boat. That's what my ute is for.

  • boomramada on 30/01/2023 - 11:35
    -1

    After C200 Mercedes, assuming its a 2020+ Merc, you be downgrading in luxury lol

    • Wilson Wallace on 30/01/2023 - 11:44

      Negative, sold my XR5 to buy my house in 2017. Bought a used 2011 Mercedes which has done 200,000KM now - However, timing chain needs replacement and camshaft gears. The power steering sensors fails sometimes which then causes me to have no ABS, no EBD and no ESP, No power steering (yes it fails) whilst I am driving. Sometimes its ok.

      • boomramada on 30/01/2023 - 11:54
        +1

        Bought a used 2011 Mercedes which has done 200,000KM

        If you comparing $10K car with 70K car, for sure, I'm comparing 2020+ Merc here lol

        • Wilson Wallace on 30/01/2023 - 12:42
          +1

          Don’t think I’ll buy a Mercedes again. To be honest, just recently, I replaced my starter motor which cost me $800. Car has cost me quite a bit of money.

          • boomramada on 30/01/2023 - 14:14
            +1

            @Wilson Wallace: Ah that's not good 12 year car, but with EV, you probably have to replace the battery in 12 year time for $15K

      • Manny Calavera on 30/01/2023 - 15:52

        Those T5s are starting to get a little old fashioned these days.

        Nice motor though.

      • kungfuman on 14/02/2023 - 21:33

        geees how much was your XR5 that it was enough to buy a house???

  • lordra on 30/01/2023 - 11:48
    -2

    One scary word

    Insurance.

    Very costly.

    • boomramada on 30/01/2023 - 11:57
      +2

      Insurance isn't that expensive compare to similar priced vehicle, just a little up.

    • fredz0r on 30/01/2023 - 12:39
      +2

      i pay $800 a year which is on par then my wifes ice car which is less in value.

    • kungfuman on 14/02/2023 - 21:35

      only if you don't look like a moroon. took me less than 10 min to find a cheap insurance at 100 bucks a month with Aami for a model 3 base model.

      SOOOOOOOO…….

  • JafferMoney on 30/01/2023 - 11:50
    +5

    I've had 2 Tesla's for about 6 months now. Never going back…one of the best decisions I've made for the family and myself. No engine to service, huge reduction in runnning costs, plenty more luggage space and the tech…incredible.

    • prisonmike on 30/01/2023 - 11:57

      What about insurance? How much is it?

      • JafferMoney on 30/01/2023 - 12:05
        +3

        About $2k each per yr, full comprehensive with Allianz. It's more expensive than a similar priced ICE cars, however overall the pros FAR outweigh the cons when comparing EVs to ICE cars.

    • JafferMoney on 30/01/2023 - 12:07
      +2

      I forgot to mention, the sound system is insanely good, I've had multiple Euro cars with upgraded systems, none of them come close.

      • prisonmike on 30/01/2023 - 12:11
        -1

        They are good for euro trash music ..

    • kungfuman on 14/02/2023 - 21:37

      how much is the tesla service costs? Wheel rotations alinements etc?

      • JafferMoney on 15/02/2023 - 09:12

        Same as whatever you'd pay elsewhere, there's no servicing…just changing brakes, wheels etc…even with the brakes they last longer due to regen braking.

        • kungfuman on 15/02/2023 - 10:46

          yes but do you ahve to get it done with tesla? for wheel rotations and alignments? or just any old place that does tires?

          • drewbytes on 15/02/2023 - 14:48

            @kungfuman: Any tyre shop can do it…

            • Euphemistic on 15/02/2023 - 15:16

              @drewbytes: But don’t you need the Tesla app to activate anything on a Tesla? There probably a setting in the menu somewhere that does it for you.

          • JafferMoney on 15/02/2023 - 17:17

            @kungfuman: Any place!

            • kungfuman on 15/02/2023 - 17:19

              @JafferMoney: so if you can do any place for the tires and you say keep the car for 5 years before you upgrade to the next model then what services do you need to do in that time frame if any?

  • Caped Baldy on 30/01/2023 - 12:19
    +4

    There's lots of free chargers around. Have a look at the plugshare website.

    Even with paid charging the travel cost is between half and a quarter.

  • TheMindsetTraveller on 30/01/2023 - 16:04

    Free chargers 1.0km from my home - tempted to buy an EV but do not drive enough to justify one. Mazda Mx5 in electric trim in 2026? That might be on the cards!

  • pharkurnell on 30/01/2023 - 16:51

    … our federal government doesn't also provide incentives to purchase electric vehicles

    They cant afford to lose the fuel tax…

  • Wilson Wallace on 30/01/2023 - 17:04
    +1

    So the novated leasing company just got back to me

    Tesla Model 3 LR

    5 year term

    FBTStatutory Rate- 20%
    Per fortnite I pay $604.27
    Per year I pay $15,711.13
    Residual $24,369.30

    ANNUAL Savings- 10k
    Total savings - 50k

    Includes
    Rego/CTP
    Insurance
    Maintenance
    Tyres
    Fuel budget (don’t know why it says that) $1,540

    Not sure how it compares to buying it outright with cash or refinancing the house)

    • SBOB on 30/01/2023 - 17:11

      Not sure how it compares to buying it outright with cash or refinancing the house)

      so $100k total at the end of 5 years?
      Model 3 LR driveaway is like $82k?

      so work out if 5 years of rego, ctp, insurance, maintenance and fuel (plus finance interest) is more or less than $18k (~3.6k per year)

    • uncompressed on 30/01/2023 - 17:23

      pre-tax or post-tax?

    • OzFrugie on 30/01/2023 - 19:13

      Which lease companies are good for ev leasing?

    • kungfuman on 14/02/2023 - 21:44
      +1

      you do know the current LR has old battery technology right? the only model 3 currently that has the new battery tech that you can have charged at 100% all the time with little to no battery degradation, is why the base model is more popular your going to have more issue with the current LR model wait till the battery tech is updated

  • pnt on 30/01/2023 - 20:49

    What to make of these Edmunds "Total 5-Year Ownership Costs"?

    https://www.edmunds.com/tesla/model-3/2022/cost-to-own/
    https://www.edmunds.com/toyota/camry/2022/cost-to-own/

    Tesla Camry
    Tax Credit -$2,000 $0
    Insurance $7,400 $4,467
    Maintenance $2,110 $3,383
    Repairs $2,103 $601
    Taxes & Fees $3,430 $1,973
    Financing $8,946 $4,551
    Depreciation $32,791 $12,767
    Fuel $2,357 $9,438
    True Cost to Own® $57,137 $37,180

    I suppose, looking past that it is data for USA, are the figures accurate to start with (some say that Tesla barely depreciates, and repairs/maintenance can be tiny)?

    Then does the Tesla claw back value though Australian factors, salary packaging, prestige or other factors over a Camry to cover the difference?

    • boomramada on 31/01/2023 - 11:32

      There is not much data in Aus to show if its depreciates or not. Currently its not due to demand caused by COVID. But based on US data, it depreciates as bad as most euro cars.

      With all these price cuts, in China and other countries, it has depreciated from inflated price.
      And then this https://www.reuters.com/business/autos-transportation/tesla-…

      And then the battery replacement cost, why would you buy a second hand 10yo when you can buy a new one.

    • Thinkscape on 31/01/2023 - 14:58

      Why are you comparing a $62k car to a $31k car?
      Of course relative depreciation $ will be higher because you "bought" a car that is 2x more expensive (and much faster, comfortable, safer, quieter etc.)

      For actual depreciation statistics see:
      https://caredge.com/ranks/depreciation/luxury/5-year/best
      Model 3 here:
      https://caredge.com/tesla/model-3/depreciation

      TL;DR
      Teslas have one of the lowest ratiosin their segment.

      • pnt on 31/01/2023 - 16:46

        Why are you comparing a $62k car to a $31k car?

        I know nothing about the cars, but wondered about a data oriented way to make a sensible decision, you're right it's not the right two models to compare.
        I think a person should actually compare the numbers between the two cars at the top of their buying list.
        Camry just came to mind first as reportedly good value car.
        I'm not convinced Tesla is "luxury", I think of BMW or Audi as luxury, rather than Tesla. You're paying more for a drive train and tech, rather than traditional luxury features.

      • kungfuman on 19/05/2023 - 11:58

        I know people that sold there Model 3 performance 2019 model with 60000km on it. trade in value with tesla was 58k and now they sell it on there website for 63k so the train in value isn't bad.

  • Myone888 on 31/01/2023 - 08:11

    EV are not free, electricity still cost money and you still have to pay 30% electricity cost as compared to petrol cost. In USA they raging as who gets the public charging slots for the lack of it.

    • Euphemistic on 31/01/2023 - 11:27
      +2

      So you are saying? Why wouldn’t you want to reduce your transport energy costs to 30%?

      • drewbytes on 31/01/2023 - 19:53
        +1

        Or almost zero if you charge solely from solar as I do.

  • Thinkscape on 31/01/2023 - 15:00
    +1

    In Au the incentives apply under the Luxury Car Tax threshold, which means you will get a better deal if you pick up Model 3 SR (which has a bonus of having LFP battery that you can freely charge to 100% giving you longer practical daily range), or base Model Y.
    Also I'd consider other brands (under LCT threshold)
    Add on FBT reduction to lower TCO further.

    • kungfuman on 14/02/2023 - 21:28

      in QLD the luxury tax only gets applied on cars over 90k.

  • kungfuman on 14/02/2023 - 21:27

    its good in NSW and VIC to get 3000 dollar rebate up to 68720 which covers the base model 3

    in QUEENSLAND how ever they screw you and you can only get a ev car worth 58000 or less to get the rebate, thanks QLD govenment.

    • fredz0r on 20/02/2023 - 09:56

      There is no road usage charge in QLD….

      • kungfuman on 20/02/2023 - 14:27

        yeah not enough need the 3000 rebate as well.

  • kungfuman on 20/02/2023 - 20:06

    got a estimated date!! ordered about a week ago and already got a date estimated between 25th of March and April 15th 2023

    yay!!! Custom order too. Red with 19 inch rims.

    • Wilson Wallace on 19/05/2023 - 00:01

      How did you go mate? Did you get the car?

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